IIPM:- Urban Reforms

This scenario warrants urgent reforms including a change in archaic laws for revamping the cities. In this backdrop, the unwillingness of state governments to initiate changes for gaining access to central funds under Jawahar Lal Nehru Urban Renewal Mission defies logic. As mandated, state governments are required to bring down stamp duties to 5% in 7 years, annul the Urban Land Ceiling Act and modify the Rent Control Act. But as most of them are politically contentious, the delay gets a political colour. To make urban India habitable, not only are these initiatives required, but even effective core reforms need urgent implementation to invigorate the Urban Local Bodies created by the 74th amendment.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006